LIFT 'fails to offer value for money'

PCTs could have saved thousands of pounds if they had managed Local Improvement Finance Trust (LIFT) partnerships with the private sector properly, say researchers.

The NHS-funded study, by the University of York's Management School, found that the premises schemes currently offer poor financial returns.

LIFT was introduced in 2000 as a way of attracting private sector funding into the development of primary care infrastructure and premises.

The study is the latest to conclude that the schemes do not provide value for money.

However, the researchers concluded that the concept 'has the potential to provide advantages in terms of the construction and management of new facilities'.

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